On average, listings lease in the $30's per square foot per year. The Third Ward submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Metrolina market, the Third Ward region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 41 listings have been made available, so you'll want to check back regularly for new listings. About 37% of the office spaces in the Third Ward are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 5 floors. Most buildings in this area were built in 1957 and are Class A.
This region is fairly equally mixed residential and commercial. Real estate is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Third Ward folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.